Most Okanagan homeowners can expect generally flat property assessment value changes for 2025.
BC Assessment said the range is -5 to +5 per cent for most communities. Property assessments, reflecting market values as of July 1, 2024, have been released for nearly 445,000 properties in the Southern Interior.
Homeowners can view their updated assessments now the , with 2025 Property Assessment Notices also being mailed to property owners.
BC Assessment collects and analyzes property data year-round to provide accurate assessments. The Southern Interior's total assessments increased from about $315 billion in 2024 to nearly $323 billion this year.
About $5.29 billion of the region's updated assessments is from new construction, subdivisions and the rezoning of properties.
These examples demonstrate market trends for single-family residential properties in the Okanagan.
|
Single Family Homes Changes by Community
|
2024 Typical Assessed Value as of July 1, 2023 |
2025 Typical Assessed Value as of July 1, 2024 |
Percentage Change
|
|
City of 91大黄鸭 |
$952,000 |
$938,000 |
-1 % |
|
City of West 91大黄鸭 |
$912,000 |
$904,000 |
-1 % |
|
District of Lake Country |
$955,000 |
$930,000 |
-3 % |
|
City of Penticton |
$708,000 |
$693,000 |
-2 % |
|
District of Summerland |
$776,000 |
$763,000 |
-2 % |
|
Village of Keremeos |
$499,000 |
$500,000 |
0 % |
|
Town of Oliver |
$609,000 |
$619,000 |
+2 % |
|
Town of Osoyoos |
$673,000 |
$667,000 |
-1 % |
|
Town of Princeton |
$379,000 |
$379,000 |
0 % |
|
District of Peachland |
$884,000 |
$887,000 |
0 % |
|
City of Armstrong |
$670,000 |
$639,000 |
-5 % |
|
City of Enderby |
$535,000 |
$535,000 |
0 % |
|
City of Vernon |
$724,000 |
$721,000 |
0 % |
|
District of Coldstream |
$921,000 |
$902,000 |
-2 % |
|
City of Salmon Arm |
$656,000 |
$661,000 |
+1 % |
|
Township of Spallumcheen |
$616,000 |
$623,000 |
+1 % |
|
District of Sicamous |
$510,000 |
$503,000 |
-1 % |
|
Village of Lumby |
$560,000 |
$571,000 |
+2 % |
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